Glassnode: Bitcoin Short-Term Holder Profits Fall to 70%

Glassnode notes recent Bitcoin native buyers have exited the strong sell zone, with short-term holder supply in profit cooling to 70% from nearly 100% in late September and offering a considerably better entry for those expecting the uptrend to continue. At the current price of $80090.85, BTC trades inside its Bollinger Bands with the lower support at $79629.49 and upper resistance at $81392.07, while the EMA50 at $81297.27 and EMA200 at $81811.92 cap upside in the prevailing bearish structure; the neutral RSI(14) at 40.53 leaves room for further downside before any bounce, yet the MACD golden cross at -434.55 signals building momentum that could support a test of the 50-EMA once volatility compresses.